Agricultural Bank of China's Q1 profit drops 1.6% to 70.4 billion yuan as net interest margin decreases to 1.44%.
Agricultural Bank of China, one of China's largest state-owned banks, reports a 1.6% drop in Q1 profit as margins narrowed, with net income falling to 70.4 billion yuan ($9.7 billion). The net interest margin decreased to 1.44% from 1.6%, while the non-performing loans ratio dropped to 1.32%.
April 29, 2024
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